Ardea Resources Limited (OTCMKTS:ARRRF) Short Interest Down 35.7% in August

Ardea Resources Limited (OTCMKTS:ARRRF) was the recipient of a significant drop in short interest in August. As of August 15th, there was short interest totalling 1,800 shares, a drop of 35.7% from the July 31st total of 2,800 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 3.0 days.

Ardea Resources Stock Performance

Shares of OTCMKTS:ARRRF remained flat at $0.27 during trading on Thursday. The business has a 50 day moving average of $0.29 and a two-hundred day moving average of $0.36. Ardea Resources has a 1 year low of $0.23 and a 1 year high of $0.57.

About Ardea Resources

Ardea Resources Limited engages in the evaluation, exploration, and development of mineral properties in Australia. The company explores for nickel, cobalt, scandium, gold, PGEs, and copper deposits. It holds 100% interest in Kalgoorlie Nickel Project (KNP) located in the Kalgoorlie, Western Australia that comprises nickel, cobalt, and scandium laterite mineral resources, as well as and nickel sulphide and critical projects; the Kalpini Project is located in the City of Kalgoorlie-Boulder that covers approximately 121 square kilometers; and the Bardoc Tectonic Zone Gold Project, which has nickel sulphide prospects.